Gold prices in Pakistan continued to rise on Tuesday, reflecting a global increase in gold prices. The price of gold per tola in the local market reached Rs342,800, a rise of Rs300 from the previous day.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10 grams of gold increased by Rs257, reaching Rs293,895.
This price hike follows a surge on Monday when gold prices rose by Rs4,000 per tola, reaching Rs342,500. Gold’s upward trajectory comes in tandem with growing demand and positive trends in the global market, where investors are seeking safety in precious metals amid economic uncertainties.
The international gold market also saw a boost, with the price per ounce jumping to $3,244, including a premium of $20, marking an increase of $3 from the previous trading session. The rise in gold prices is attributed to several factors, including economic concerns, geopolitical tensions, and fluctuating currency values that have led investors to opt for gold as a safe-haven asset.
Meanwhile, silver prices in Pakistan remained stable, holding steady at Rs3,410 per tola, offering a bit of respite for silver investors as the market focused on the rise of gold. Despite global price fluctuations, silver’s pricing has remained relatively constant in the local market for now.
These price changes are indicative of global economic trends, and experts predict that both gold and silver prices will continue to be volatile, influenced by international market shifts and domestic economic policies.